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Magma Reinvents Outdoor Cooking With Crossover Series Cooking System

LAKEWOOD, Calif., and BATON ROUGE, La., Jan. 11, 2022 /PRNewswire/

Magma Products, a leading maker of premium marine and outdoor grills, announces the launch of its new Crossover Series, a versatile, portable cooking system built for RV travelers and tailgaters that delivers the durability and aesthetics of stainless steel with the ability to transform from stove to grill, pizza oven, griddle, or plancha. The Crossover Series is available exclusively online through BBQGuys, a leading e-commerce retailer for grilling and outdoor living products.

Boaters and sailors have trusted Magma’s high-quality grills in harsh saltwater conditions for over 45 years. Magma engineered the same dependability into the Crossover, using premium materials and construction, including brushed 304 stainless steel and cast aluminum. While the Crossover Series signals Magma’s entrance into the RV and tailgating markets, Magma will continue serving boaters with a marine version of the Crossover built with non-corrosive, mirror-polished 304 stainless steel.

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Merion Announces New Investment in Environmental Services Provider

Merion Investment Partners III, L.P. is pleased to announce a new investment in SRE Environmental Companies (“SRE”), a waste transportation business based in the southwest. Merion provided subordinated debt to provide growth capital to SRE.

SRE is a turnkey non-hazardous waste transportation business that offers loading, hauling, disposal, vactor and waste processing services. For processing, SRE operates five acres of salt and brine water evaporation ponds. The growth capital will be utilized to expand existing waste processing capabilities to ten acres and support the development of new operations in the California market where SRE is seeing increased demand.

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Merion Announces New Investment in Eyecare Services Provider

Merion Investment Partners III, L.P. is pleased to announce a new investment in The Eye Health Group, a New Jersey based medical optometric service provider. Merion provided subordinated debt and equity to support the acquisition of The Eye Health Group. Merion was joined in the investment by Beverly Capital and Everside Capital.

The Eye Health Group is a leading vision support organization that assists its nine New Jersey and New York practice providers in performing comprehensive eyecare services. The Eye Health Group provides a full suite of medical eyecare services, from diagnosis and management of eye diseases to pathology, lab testing and pre- and post-operative care for surgical patients, as well as prescribing and dispensing contact lenses and vision corrective glasses. The Eye Health Group’s management team will remain involved in the operations of the business.

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Aspekt Solutions, a Merion Portfolio Company, Acquires Nordic Medical Physics

GREENBELT, Md.–(BUSINESS WIRE)–Aspekt Solutions, a leading provider of radiation oncology and radiology solutions, is pleased to announce the acquisition of Nordic Medical Physics. This strategic acquisition increases the consulting capabilities and expands the geographic footprint of Aspekt Solutions

Nordic Medical Physics adds to the previous investments Aspekt Solutions has made in the past year. “I have known Norm and respected his accomplishments in the Medical Physics profession for decades,” said Arnie Able, President and Chief Physicist at Aspekt Solutions. “The addition of Nordic Medical Physics notably expands our geographical reach and our ability to deliver scaled solutions wherever needed and enhances our ability to successfully compete with larger and publicly-traded companies in our industry.”

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Merion Announces New Investment in Data Security Provider

Merion Investment Partners III, L.P. is pleased to announce a new investment in CRU Data Security Group LLC (“CDSG”). Merion provided subordinated debt with warrants to support the merger of Cru and Digistor.

Headquartered in Vancouver WA, CDSG is a trusted provider of data security, data transport and disaster-proof data storage device. Digistor is a leading manufacturer of secure solid-state drives and removable storage solutions. Adding Digistor to the CDSG family of brands expands and strengthens secure data storage offerings for PC and enterprise OEMs, government agencies and defense and military customers.

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Merion Announces New Investment in Specialized Optics Manufacturer

Merion Investment Partners III, L.P. is pleased to announce a new investment in American Holoptics. Merion provided subordinated debt with warrants to support the acquisition of EOTech from L3 Harris.

Headquartered in Michigan, EOTech designs, manufactures and markets electro-optical products, rifle optics, thermal devices, and night vision systems. Due to its advanced technology, EOTech holographic weapon sights are among the fastest and most intuitive sighting systems on the planet and sold to military, law enforcement and commercial markets around the world. By combining EOTech with its current businesses Elite Defense and HEL Technologies, American Holoptics represents a solid foundation of cutting-edge optical science and optical accessories distribution.

 

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Merion Announces New Investment in Specialty Manufacturer

Merion Investment Partners III, L.P. is pleased to announce a new investment in Magma Products (“Magma”). Merion provided subordinated debt and equity to support the acquisition of the company by a private equity firm.

Headquartered in California, Magma is the leading manufacturer and marketer of high-quality cookware products designed for use in harsh marine and outdoor environments.

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Merion Announces Successful Exit from Mortgage Services Business

Merion Investment Partners III, L.P. is pleased to announce a successful exit from CIS Credit Solutions (“CIS”). Merion provided subordinated debt to support the acquisition of CIS by a single family office in 2018.

The company, headquartered in Allamuchy, NJ, is a leading provider of credit reports and complementary services to mortgage lenders, brokers and banks.

Merion retains a residual equity participation in the company.

 

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L3HARRIS TECHNOLOGIES COMPLETES SALE OF EOTECH TO AMERICAN HOLOPTICS

MELBOURNE, FLA.
Jul 31, 2020

L3Harris Technologies (NYSE:LHX) today completed the previously announced sale of its EOTech business to American Holoptics, an affiliate of Koucar Management.

With annual revenue of approximately $60 million, L3Harris’ EOTech business manufactures holographic sighting systems, magnified field optics and accessories for military, law enforcement and commercial markets around the world.